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Current Attempt in Progress On June 10, Blossom Company purchased $8,000 of merchandise on account from Ayayal Company, FOB shipping point terms 1/10, n/30. Blossom

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Current Attempt in Progress On June 10, Blossom Company purchased $8,000 of merchandise on account from Ayayal Company, FOB shipping point terms 1/10, n/30. Blossom pays the freight costs of $410 on June 11. Damaged goods totaling $300 are returned to Avaya for credit on June 12. The fair value of these goods is $70 On June 19. Blossom pays Ayayal Company in full, less the purchase discount Both companies use a perpetual inventory system (a) Your answer is partially correct. Prepare separate entries for each transaction on the books of Blossom Company. (Credit accountles are automat when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem e Account Titles and Explanation Debit Credit Inventory B000 Accounts Payable 8000 Inventory 110 Cash 40 Accounts Payable 300 Inventory Accounts Payable Cat Inventory Textbook and Media

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